Under the leadership of founder Wu Changjiang, NVC has been deeply involved in the industry for many years. As a leading enterprise in the lighting industry, it not only has a huge production cluster, but also has a complete and solid sales channel, and the company's efficiency has been growing steadily. However, Dehao Runda, which has a huge contrast with it, has not lost money for many years, and has not made any achievements in the industry. In this battle, if Wang Donglei, the chairman of Ruohaohao Runda, took over the NVC lighting, would NVC become the second "Duohao" or become the "victim" of DHL.
From the 2013 financial report of Dehao Runda, it is not difficult to see that the so-called "high LED performance" in recent years is just a game. In addition to the huge government subsidies, the sales of LEDs of Dehao Runda in the first half of the year was only 388 million yuan. According to this calculation, in addition to part of the chip and device revenue, in the first half of the year, Dehao Runda's revenue in the LED lighting application part is only about 50-60 million yuan. In 2013, Dehao Runda's net profit was only 8.826 million yuan, down 94.55% year-on-year, with a loss of 181 million yuan. In the first quarter of 2014, Dehao Runda lost a total of 35.606 million yuan. According to the data, NVC Lighting's operating revenue in 2013 was 3.774 billion yuan and its net profit reached 282 million.
DeHao Runda's operational capability has caused investors' confidence to plummet. Some investors have questioned the company through an interactive platform: "The company has always believed that flip-chip is its leading technology, but the company's technology is not the world's first, nor China. The only way for the company to stay in the technology-first self-indulgence of LED strategy is unwise. The integration of sales channels and internal collaboration to improve efficiency is the only way out."
However, investors' questions have not been answered. The company began to suspend trading on August 8, but did not announce the reasons. With many questions from investors, on the afternoon of August 11, some media called Dehao Runda, but the staff of the company's securities department said that they would not cover him and then hang up.
According to media reports, Dehao Runda has been investigated for several times because of related transactions. Guangdong Jianlongda illegally traded 21.84 million shares of Dehao Runda from May 13, 2009 to September 21, 2009. At that time, it was fined more than 5 million yuan, and there was still misinformation. In 2013, Dehao invested 640 million yuan for a “high premium†for a 21.27% stake in Weimei Shengjing. It was finally confirmed that Dehao borrowed money to buy its own products from Weimei to beautify the financial statements.
Although Dehao Runda is constantly in the LED industry, it constantly releases its rumors, continuously raises funds, and constantly replaces the technical team. LED chips are not late enough to make achievements. In the past three years, Dehao Runda relied on the plan to raise funds for private placement, short-term financing bills, corporate bonds, bank loans and other channels. However, it still did not let the company's LED business get rid of the “eat subsidy to earn performance†situation, but instead It has incurred high financial costs, resulting in a decline in performance or even a loss. It seems that Wu Changjiang said in Weibo that "Wang Dongleihao gambling is a trick to continue to take government subsidies, issue additional bonds, and issue bonds to copy Dehao Runda."
From the 2013 financial report of Dehao Runda, it is not difficult to see that the so-called "high LED performance" in recent years is just a game. In addition to the huge government subsidies, the sales of LEDs of Dehao Runda in the first half of the year was only 388 million yuan. According to this calculation, in addition to part of the chip and device revenue, in the first half of the year, Dehao Runda's revenue in the LED lighting application part is only about 50-60 million yuan. In 2013, Dehao Runda's net profit was only 8.826 million yuan, down 94.55% year-on-year, with a loss of 181 million yuan. In the first quarter of 2014, Dehao Runda lost a total of 35.606 million yuan. According to the data, NVC Lighting's operating revenue in 2013 was 3.774 billion yuan and its net profit reached 282 million.
DeHao Runda's operational capability has caused investors' confidence to plummet. Some investors have questioned the company through an interactive platform: "The company has always believed that flip-chip is its leading technology, but the company's technology is not the world's first, nor China. The only way for the company to stay in the technology-first self-indulgence of LED strategy is unwise. The integration of sales channels and internal collaboration to improve efficiency is the only way out."
However, investors' questions have not been answered. The company began to suspend trading on August 8, but did not announce the reasons. With many questions from investors, on the afternoon of August 11, some media called Dehao Runda, but the staff of the company's securities department said that they would not cover him and then hang up.
According to media reports, Dehao Runda has been investigated for several times because of related transactions. Guangdong Jianlongda illegally traded 21.84 million shares of Dehao Runda from May 13, 2009 to September 21, 2009. At that time, it was fined more than 5 million yuan, and there was still misinformation. In 2013, Dehao invested 640 million yuan for a “high premium†for a 21.27% stake in Weimei Shengjing. It was finally confirmed that Dehao borrowed money to buy its own products from Weimei to beautify the financial statements.
Although Dehao Runda is constantly in the LED industry, it constantly releases its rumors, continuously raises funds, and constantly replaces the technical team. LED chips are not late enough to make achievements. In the past three years, Dehao Runda relied on the plan to raise funds for private placement, short-term financing bills, corporate bonds, bank loans and other channels. However, it still did not let the company's LED business get rid of the “eat subsidy to earn performance†situation, but instead It has incurred high financial costs, resulting in a decline in performance or even a loss. It seems that Wu Changjiang said in Weibo that "Wang Dongleihao gambling is a trick to continue to take government subsidies, issue additional bonds, and issue bonds to copy Dehao Runda."
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